Durrani Foundation
- Assets
- $2.6m
- Revenue
- $305.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Saginaw, MI
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-1524363
Organization Overview
Durrani Foundation is located in Saginaw, MI. The organization was established in 2008. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durrani Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Durrani Foundation generated $305.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $104.6k during the year ending 12/2021. While expenses have increased by 15.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Durrani Foundation has awarded 20 individual grants totaling $263,853. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT CONDUCT DIRECT CHARITABLE ACTIVITIES OR INCUR EXPENSES RELATIVE TO CHARITABLE ACTIVITIES, EXCEPT IN THE PERFORMANCE OF THE NECESSARY EVALUATION OF GRANTS TO THE ORGANIZATIONS AS SET FORTH IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maha Naveed Director | 40 | $46,116 | |
Misha Naveed Director | 40 | $33,126 | |
Naveed Mahfooz President | 1 | $0 | |
Asfia Mahfooz Vice Preside | 1 | $0 | |
Anjum Azimi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $294,860 |
| Interest on Savings | $384 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,766 |
| Total Revenue | $305,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,242 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,270 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $231 |
| Total operating and administrative expenses | $89,287 |
| Contributions, gifts, grants paid | $15,350 |
| Total expenses and disbursements | $104,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,497 |
| Savings and temporary cash investments | $826,539 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $74,860 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,470,000 |
| Other assets | $0 |
| Total assets | $2,618,896 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Durrani Foundation has awarded $15,350 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Saginaw, MI PURPOSE: TO SUPPORT RELIGOUS OFFERINGS | $12,850 |
CONTINOUS CHARITY PURPOSE: PROVIDE INT-FREE LOANS & MENTORS | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beaumont Health Southfield, MI | $844,473,041 | $43,728,436 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
Gundersen Lutheran Medical Foundation Inc La Crosse, WI | $92,389,553 | $52,203,030 |
Community Health Network Foundation Inc Indianapolis, IN | $96,702,775 | $20,395,245 |
Metrohealth Foundation Inc Cleveland, OH | $88,791,792 | $21,235,092 |
Community First Solutions Hamilton, OH | $99,479,120 | $13,306,151 |
Fund For Medical Research And Education Detroit, MI | $30,425,506 | $9,049,534 |
Pulaski Health Foundation Inc Winamac, IN | $8,480,545 | $8,038,166 |
Healthcare Foundation Of La Porte Inc La Porte, IN | $192,768,600 | $27,903,057 |
Legacy Foundation Of Central Wisconsin Inc Wisconsin Rapids, WI | $142,600,446 | $4,980,958 |
Metro Solutions Inc Southfield, MI | $8,153,189 | $9,205,268 |
Marshfield Clinic Health System Foundation Inc Marshfield, WI | $149,772,122 | $21,068,703 |